Description

BSE announces the listing of 14,14,95,000 equity shares of Shipwaves Online Limited following its SME IPO, with various lock-in periods ranging from 1 to 3 years.

Summary

BSE has announced the listing of equity shares of Shipwaves Online Limited following its SME IPO. A total of 14,14,95,000 fully paid equity shares are being listed, with different tranches subject to varying lock-in periods. The shares are held in demat form, and distinctive numbers are provided for presentation purposes only.

Key Points

  • Total shares post-IPO: 14,14,95,000 equity shares
  • All shares are fully paid and in demat form (except minor physical holdings)
  • Multiple tranches with lock-in periods ranging from 1 to 3 years
  • Lock-in periods begin from December 10-12, 2025
  • Lock-in expiry dates range from December 30, 2026 to December 30, 2028
  • Largest tranche: 4,69,60,000 shares locked until December 30, 2028 (3-year lock-in)
  • Second largest tranche: 3,27,61,750 shares locked until December 30, 2026 (1-year lock-in)

Regulatory Changes

No regulatory changes announced. This is a standard listing notification for an SME IPO.

Compliance Requirements

  • Shareholders must adhere to the specified lock-in periods for their respective tranches
  • Locked-in shares cannot be traded until the lock-in expiry dates
  • The company and shareholders must comply with SME listing requirements on BSE

Important Dates

  • Lock-in Start Dates: December 10-12, 2025 (various tranches)
  • 1-Year Lock-in Expiry: December 30, 2026 (applicable to most tranches)
  • 2-Year Lock-in Expiry: December 30, 2027 (2,82,99,000 shares)
  • 3-Year Lock-in Expiry: December 30, 2028 (4,69,60,000 shares)

Impact Assessment

Market Impact: Minimal market-wide impact as this is a routine SME IPO listing. The listing adds liquidity to BSE’s SME segment but affects only this specific company.

Liquidity Impact: Initial liquidity will be limited due to substantial lock-in commitments. Approximately 10,09,94,750 shares (71.4% of total) are subject to lock-in periods, with only 4,05,00,250 shares potentially available for immediate trading.

Investor Impact: Lock-in periods provide stability for new investors by restricting promoter and pre-IPO investor exits. The staggered lock-in expiry (1, 2, and 3 years) will gradually increase tradable float over time.

Impact Justification

Routine SME IPO listing announcement affecting only new issue shares of a single SME company